News Release
Gross State Product: New Estimates for 2000 and Revised Estimates for 1998-99
| Sharon Panek: | (202) | 6069228 | BEA 0217 | |
| George Downey: | 6069214 |
GROSS STATE PRODUCT:
NEW ESTIMATES for 2000 and
REVISED ESTIMATES for 199899*
In 2000, states with the fastest growth in real gross state product (GSP) GSP adjusted to reflect price changes were located in the west and the northeast areas of the nation, according to the U.S. Bureau of Economic Analysis (see map on page 2). Four of the western states with fast GSP growth Idaho, Oregon, California, and Arizona had robust growth in "high-tech" manufacturing, and Colorado had strong growth in business services and communications. The northeastern states with fast GSP growth Rhode Island, New Hampshire, Massachusetts, New Jersey, and New York had strong growth in finance, insurance, and real estate and in services.
Alaska and Louisiana were the only states in which real GSP declined in 2000; in these two states, mining (including oil and gas extraction) decreased.
Real GSP for the nation grew at an annual rate of 4.5 percent from 1999 to 2000 (table 2). Real GSP grew in all major industries except mining and was particularly strong in security and commodity brokers and high-tech manufacturing such as electronic and other electric equipment and industrial machinery and equipment. The composition of the fast-growing states in the top quintile changed slightly in 2000 to include several New England states, California, and New York. (see discussion on page 3).
*The GSP estimates for 199899 released today update and supersede those that were published in the August 2001 issue of the Survey of Current Business. The newly released estimates reflect the incorporation of newly available state-specific source data; see the "Sources of GSP revisions" section on page 5 for details on the revisions.
This news release is available at BEA's web site at www.bea.gov/newsreleases/rels.htm
States in the top quintile for real GSP growth in 19992000
The 10 states with the fastest growth in real GSP from 1999 to 2000 were Rhode Island (10.7 percent), Idaho (8.3 percent), Oregon (8.1 percent), New Hampshire (7.8 percent), California (7.3 percent), Colorado (7.3 percent), Massachusetts (7.1 percent), New Jersey (6.6 percent), Arizona (6.5 percent), and New York (6.1 percent). These states accounted for 51.7 percent of U.S. growth, partly due to strong growth in California and New York.
All states in the top growth quintile, except Oregon, had employment growth rates above the national growth rate. In addition, five of these states Arizona, Colorado, Idaho, California, and New Hampshire had population growth rates above the national growth rate.
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---Percent change in real gross state product in major aggregate industries, 1999-2000---
Total Agri-
gross culture, Transpor- Finance,
state forestry Con- Manu- tation & Whole- insurance
prod- & struc- factur- public sale Retail & real Ser- Govern-
uct fishing Mining tion ing utilities trade trade estate vices ment
--------------------------------------------------------------------------------------------
United States........ 4.5 8.4 -15.0 2.5 4.1 6.0 2.8 7.4 5.6 5.1 2.5
Rhode Island......... 10.7 2.6 13.2 1.8 2.8 5.7 6.1 13.1 29.1 2.0 4.3
Idaho................ 8.3 5.8 -8.2 1.7 22.3 6.4 3.5 7.7 2.2 6.8 2.7
Oregon .............. 8.1 6.2 15.3 1.2 22.8 6.5 2.7 5.4 .8 4.9 2.7
New Hampshire........ 7.8 2.3 15.2 2.4 13.3 4.9 7.8 8.9 7.5 6.8 1.7
California .......... 7.3 6.3 -11.0 6.6 10.1 4.4 4.1 9.9 6.3 9.5 4.3
Colorado............. 7.3 .4 -15.5 9.2 5.1 11.4 9.4 9.3 6.6 9.6 2.4
Massachusetts ....... 7.1 6.1 19.1 7.4 7.5 7.6 3.0 9.2 7.3 9.1 1.1
New Jersey .......... 6.6 8.4 8.3 4.4 16.4 4.8 6.0 9.9 7.0 3.3 1.2
Arizona ............. 6.5 1.9 -6.4 3.8 14.4 7.7 3.3 9.1 3.4 6.4 2.9
New York ............ 6.1 3.8 4.8 4.5 2.7 7.7 2.2 8.6 10.1 4.8 .6
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Note: For the contributions of the industries to the percent change in total gross state product, see table 3.
In addition to the fast growth in high-tech industries, factors contributing to growth in the top quintile states include:
- In New York, depository institutions contributed significantly to the growth in real GSP.
- In New Jersey, chemicals and allied products and security and commodity brokers were the major contributors to growth.
Two of the fast-growing states for 19992000 were not among the states with rapid growth for most of the 1990s. New York was in the bottom growth quintile for most of the decade, but strong growth in finance, insurance, and real estate in 2000 contributed to New York becoming one of the fast-growing states. In the early 1990s, California was not in the top growth quintile due to a prolonged period of recovery from the 199091 recession; however, for the last half of the 1990s, California rebounded to put it in the top growth quintile in 2000.
States in the bottom quintile for real GSP growth in 19992000
The 10 states with the slowest growth or a decline in real GSP from 1999 to 2000 were Alaska (-2.9 percent), Louisiana (-2.7 percent), Mississippi (0.8 percent), Delaware (0.9 percent), Wyoming (1.2 percent), Alabama (1.2 percent), West Virginia (1.3 percent), Arkansas (1.7 percent), Hawaii (1.9 percent), and Oklahoma (2.0 percent). These states accounted for 0.7 percent of U.S. growth.
With the exception of Alaska, Hawaii, and Wyoming, these states had employment growth rates below the national growth rate. In addition, these states, except Delaware and Arkansas, had population growth rates below the national growth rate.
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---Percent change in real gross state product in major aggregate industries, 1999-2000---
Total Agri-
gross culture, Transpor- Finance,
state forestry Con- Manu- tation & Whole- insurance
prod- & struc- factur- public sale Retail & real Ser- Govern-
uct fishing Mining tion ing utilities trade trade estate vices ment
--------------------------------------------------------------------------------------------
United States........ 4.5 8.4 -15.0 2.5 4.1 6.0 2.8 7.4 5.6 5.1 2.5
Alaska .............. -2.9 .7 -19.3 -2.4 -11.5 7.9 -.7 2.1 1.0 3.9 .7
Louisiana............ -2.7 .2 -23.1 -3.4 -8.4 2.8 -.7 4.9 8.6 1.1 .9
Mississippi.......... .8 -3.4 -18.9 -3.3 -3.9 5.6 .5 4.4 4.0 1.5 2.5
Delaware............. .9 7.6 4.4 -3.6 -5.8 6.4 5.3 5.9 .2 4.7 1.9
Wyoming.............. 1.2 2.3 -9.5 -.7 8.9 2.6 -1.0 5.3 14.7 3.2 2.2
Alabama ............. 1.2 -3.1 -9.4 -1.5 -1.5 5.1 1.7 4.0 3.0 2.2 .2
West Virginia........ 1.3 11.9 3.6 -.8 1.5 -2.6 -.8 4.7 -2.0 1.8 3.6
Arkansas............. 1.7 -.7 -25.1 3.0 .7 3.0 2.7 4.8 -.3 2.8 1.9
Hawaii .. ........... 1.9 4.5 11.1 5.7 .2 2.9 2.0 6.5 -.4 3.8 -.9
Oklahoma ............ 2.0 14.6 -17.7 -.9 1.8 5.9 1.5 5.8 2.2 2.6 2.9
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Note: For the contributions of the industries to the percent change in total gross state product, see table 3.
In the slow-growing states, weakness was widespread, with real GSP in mining, construction, manufacturing, and wholesale trade declining in many of these states. Declines in Alaska and Louisiana and slow growth in Wyoming, Oklahoma, Arkansas, and Alabama reflected a decline in mining, primarily oil and gas extraction. Declines in manufacturing industries, mainly petroleum and coal products and motor vehicles and equipment manufacturing, contributed the most to slow growth in Mississippi and Delaware, respectively. Additional factors contributing to slow growth include:
- In Alabama and Arkansas, declines in paper and allied products contributed significantly to the slow growth in real GSP.
- In Hawaii, declines in state and local government and real estate contributed to the slow growth in real GSP.
State shares of U.S. current-dollar GSP in 2000
In 2000, current-dollar GSP for the nation was $9.9 trillion. California accounted for the largest share (13.5 percent) of the nation; its GSP has exceeded $1 trillion since 1997 (see table 4). The other four states with the largest shares of the U.S. total were New York (8.0 percent), Texas (7.5 percent), Florida (4.7 percent), and Illinois (4.7 percent). North Dakota, Vermont, Wyoming, Montana, and South Dakota had the smallest shares. Montana and South Dakota had shares of 0.2 percent of the U.S. total, while North Dakota, Vermont, and Wyoming were each less than 0.2 percent of the U.S. total. The states representing the five largest and five smallest shares did not change throughout the 1990s.
The GSP estimates have been revised for 1998 and 1999 to incorporate the results of the most recent revisions of state personal income, of the national estimates of gross product by industry, and of the national income and product accounts (NIPA's). The revised GSP estimates also reflect incorporation of the 1999 Annual Survey of Manufactures (ASM). The ASM data are based on the North American Industry Classification System (NAICS) rather than on the Standard Industrial Classification System (SIC). For this revision, the 1999 ASM data were converted from NAICS to the SIC by BEA on the basis of information provided by the source agency (see "Industry classification" section below).
In general, the revisions to GSP as a percentage of the previously published estimates for all years are small. For the nation, current-dollar GSP was revised down $2.2 billion in 1998, and revised down $29.3 billion in 1999. For 1999, the five states with the largest downward percentage revisions were Alaska (-3.4 percent), New Mexico (-2.3 percent), Connecticut (-1.5 percent), Ohio (-1.5 percent), and New Hampshire (-1.4 percent).
The revisions in real GSP growth rates tend to be small. For 199899, the five states with the largest upward revisions to the growth rates of real GSP were Delaware (4.5 percentage points), South Dakota (2.0 percentage points), Louisiana (1.5 percentage points), West Virginia (1.5 percentage points), and Arizona (1.3 percentage points). The states with the largest downward revisions were Alaska (-2.6 percentage points), Rhode Island (-2.3 percentage points), Ohio (-1.4 percentage points), North Carolina (-1.4 percentage points), and Kentucky (-1.1 percentage points). For a detailed discussion of major sources of the revisions and of the impacts of the revisions, see "Gross State Product by Industry, 19982000" in a forthcoming issue of the Survey of Current Business.
In 1997, U.S. federal statistical agencies adopted NAICS an economic classification system that groups establishments into industries based on similarity of production processes. NAICS provides a new framework for collecting, analyzing, and disseminating economic data on an industry basis. Much of BEA's source data, however, remain on a Standard Industrial Classification (SIC) basis. BEA plans to incorporate NAICS into its GSP estimates upon full implementation of NAICS by all of its source-data agencies in 200304. For more information, see "The North American Industry Classification System in BEA's Economic Accounts," Survey of Current Business (May 2001): 7-13.
Definitions
GSP is the value added in production by the labor and property located in a state. GSP for a state is derived as the sum of the GSP originating in all industries in the state.
The estimates of real GSP are derived by applying national implicit price deflators by detailed industry to the current-dollar GSP estimates by detailed industry. Then, in order to capture the differences across states that reflect the relative differences in the mix of goods and services that the states produce, the same chain-type index formula used in the national accounts is used to calculate the estimates of total real GSP and real GSP by major industry. For additional information, see "BEA's Chain Indexes, Time Series, and Measures of Long-Term Economic Growth," Survey of Current Business 77 (May 1997): 58-68; "Comprehensive Revision of Gross State Product by Industry, 197794," Survey 77 (June 1997): 28-29; and "Gross State Product by Industry, 199299," Survey 81 (August 2001): 69-90.
The 10 fast-growing states (and 10 slow-growing states) were selected because their real GSP growth rates for 19992000 are in the top (bottom) quintile of GSP growth rates for all states.
The relation of GSP to Gross Domestic Product (GDP)
In concept, an industry's GSP, referred to as its "value added," is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). Thus, GSP is often considered the state counterpart of the nation's GDP BEA's featured measure of U.S. output. In practice, GSP estimates are measured as the sum of the distributions by industry and state of the components of gross domestic income that is, the sum of the costs incurred and incomes earned in the production of GDP.
GSP for the nation differs from GDP for the following reasons: GSP is derived from gross domestic income, which differs from GDP by the statistical discrepancy; GSP excludes and GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and GSP and GDP have different revision schedules. In 19992000, real GDP grew 4.1 percent, and real GSP for the nation grew 4.5 percent.
Availability of detailed GSP estimates
GSP estimates for 63 industries for states, BEA regions, and the United States are available on BEA's Web site: www.bea.gov>. The site also contains BEA's major national, regional, international, and industry estimates; the Survey of Current Business; and BEA news releases.
Summary BEA estimates are available on recorded messages at the time of public release at the following telephone numbers:
(202) 606-5306 Gross domestic product
606-5303 Personal income and outlays
606-5362 Summary of international transactions
Most of BEA's estimates and analyses are published in the Survey of Current Business, BEA's monthly journal. Subscriptions and single copies are for sale by the Superintendent of Documents, U.S. Government Printing Office. Internet: bookstore.gpo.gov>; phone: 202-512-1800; fax: 202-512-2250; mail: Stop SSOP, Washington, DC 20402-0001.
Regional Income and Product release dates for the rest of 2002: State Personal Income, First Quarter 2002 ................. July 24 (Wednesday) State Per Capita Personal Income, 2001 (revised) .......... September 23 (Monday) State Personal Income, Second Quarter 2002 ................ October 24 (Thursday)
Table 1. -- Real Gross State Product, 1993-2000
[Millions of chained (1996) dollars]
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1993 1994 1995 1996 1997 1998/r/ 1999/r/ 2000/p/
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United States ............. 6,918,388 7,203,002 7,433,965 7,715,901 8,093,396 8,502,663 8,915,954 9,314,279
New England ............. 397,470 410,014 422,524 439,596 463,498 488,673 517,174 549,304
Connecticut ........... 115,725 117,489 120,792 124,157 132,620 138,159 143,500 149,649
Maine ................. 27,286 27,755 28,256 28,925 29,958 31,121 32,480 33,201
Massachusetts ......... 186,680 195,171 200,537 210,127 219,716 233,981 251,482 269,308
New Hampshire ......... 28,808 30,122 32,630 35,068 37,131 39,965 42,801 46,134
Rhode Island .......... 25,226 25,385 26,182 26,656 28,766 29,541 30,303 33,544
Vermont ............... 13,794 14,115 14,133 14,662 15,304 15,921 16,656 17,536
Mideast ................. 1,369,966 1,398,474 1,427,110 1,471,796 1,517,005 1,589,707 1,659,357 1,745,419
Delaware .............. 25,984 26,657 28,236 29,001 30,142 30,594 32,155 32,432
District of Columbia .. 51,216 50,657 49,737 48,505 49,265 49,613 51,426 53,695
Maryland .............. 136,070 140,338 142,140 145,061 151,478 157,610 164,477 171,439
New Jersey ............ 262,674 268,019 275,002 285,738 294,088 304,851 317,157 338,065
New York .............. 587,982 600,674 609,090 633,830 651,107 695,186 729,472 774,311
Pennsylvania .......... 306,134 312,197 322,915 329,660 340,924 351,920 364,779 375,861
Great Lakes ............. 1,113,225 1,176,832 1,206,844 1,243,554 1,300,504 1,360,725 1,408,263 1,446,493
Illinois .............. 334,735 353,302 364,080 375,949 394,497 411,417 426,640 441,481
Indiana ............... 138,501 145,882 150,037 155,096 161,059 171,703 177,911 182,367
Michigan .............. 237,214 255,812 258,329 265,130 275,991 285,449 298,794 305,913
Ohio .................. 276,024 290,068 299,232 306,333 322,050 337,650 344,072 351,764
Wisconsin ............. 126,748 131,788 135,169 141,046 146,903 154,512 160,847 164,971
Plains .................. 451,991 478,541 493,438 516,213 541,882 561,737 580,620 602,305
Iowa .................. 66,324 71,576 73,111 76,976 81,541 82,332 83,937 86,666
Kansas ................ 62,367 65,016 65,618 68,160 72,113 74,830 77,879 79,710
Minnesota ............. 123,146 130,178 133,804 141,540 150,415 158,919 166,118 174,746
Missouri .............. 127,578 135,048 141,926 146,537 153,392 158,123 162,291 167,693
Nebraska .............. 41,376 44,009 45,247 47,772 48,924 50,296 52,265 53,586
North Dakota .......... 13,795 14,627 14,988 15,855 15,819 16,884 16,683 17,363
South Dakota .......... 17,429 18,097 18,744 19,372 19,673 20,323 21,400 22,499
Southeast ............... 1,485,361 1,564,909 1,625,905 1,684,304 1,761,146 1,841,807 1,916,484 1,985,095
Alabama ............... 90,225 93,575 96,624 99,286 102,646 106,367 110,568 111,919
Arkansas .............. 50,174 52,921 54,689 56,796 58,585 59,967 63,210 64,299
Florida ............... 325,760 339,110 350,565 366,318 382,250 400,891 418,926 437,759
Georgia ............... 183,173 195,330 206,415 219,520 231,808 245,966 261,323 273,633
Kentucky .............. 84,543 89,569 92,794 95,536 100,210 104,359 106,479 109,914
Louisiana ............. 102,847 110,509 116,496 116,867 120,699 120,783 123,445 120,060
Mississippi ........... 49,925 53,020 55,420 56,575 57,794 59,893 62,282 62,807
North Carolina ........ 176,163 188,574 197,500 204,329 218,108 232,122 242,442 255,914
South Carolina ........ 80,440 84,567 87,750 89,854 94,252 98,360 102,767 106,362
Tennessee ............. 127,108 134,440 138,632 142,051 149,239 156,836 162,302 166,618
Virginia .............. 181,231 187,578 192,486 199,953 207,892 218,406 223,489 236,011
West Virginia ......... 33,813 35,723 36,569 37,220 37,668 37,791 39,210 39,715
Southwest ............... 676,768 714,828 747,594 785,031 844,386 892,737 940,412 972,853
Arizona ............... 89,911 98,339 105,397 112,882 120,763 130,720 141,192 150,320
New Mexico ............ 37,795 42,183 42,708 44,114 47,621 49,554 50,865 53,461
Oklahoma .............. 69,173 70,081 71,819 74,855 78,111 80,759 83,250 84,912
Texas ................. 480,045 504,252 527,685 553,180 597,889 631,688 665,047 684,260
Rocky Mountain .......... 196,568 208,044 219,072 230,695 245,237 259,522 276,544 294,168
Colorado .............. 99,789 105,850 111,244 117,118 127,314 135,590 145,460 156,079
Idaho ................. 23,654 25,331 27,395 28,101 29,322 31,015 34,205 37,053
Montana ............... 17,245 17,679 17,858 18,074 18,614 19,422 19,885 20,418
Utah .................. 40,932 43,952 46,965 51,523 53,999 57,011 59,784 63,242
Wyoming ............... 14,990 15,264 15,617 15,879 15,983 16,470 17,226 17,429
Far West ................ 1,227,133 1,251,258 1,291,429 1,344,712 1,419,778 1,507,858 1,617,453 1,719,244
Alaska ................ 25,438 25,268 26,355 25,774 26,056 24,920 24,835 24,123
California ............ 898,829 911,249 941,853 973,395 1,029,232 1,096,091 1,180,625 1,266,944
Hawaii ................ 38,809 38,332 37,948 37,490 37,668 37,622 37,863 38,582
Nevada ................ 43,019 47,030 50,062 54,564 57,518 60,522 64,358 67,236
Oregon ................ 73,009 76,642 81,330 91,709 97,097 103,218 110,716 119,684
Washington ............ 148,188 152,882 153,987 161,779 172,216 185,474 199,074 203,151
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r Revised.
p Preliminary.
Note: Chained (1996) dollar series are calculated (using national chain-type implicit price deflators) as the product of
the chain-type quantity index and the 1996 current-dollar value of the corresponding series, divided by 100. Because the
formula for the chain-type quantity indexes uses weights of more than one period, the corresponding chained-dollar
estimates are usually not additive; that is, state totals usually do not add to regional totals or to U.S. totals, and
regional totals usually do not add to U.S. totals.
Source: U.S. Bureau of Economic Analysis
***********************************************************************************************************************************************
Table 2. -- Percent Change in Real Gross State Product by Major Industry, 1999-2000
-------------------------------------------------------------------------------------------------------------------------------------------
Rank
of per-
Total Agri- Trans- Finance cent
gross culture, Mining Con- Manu- portation Whole- Retail insur- Ser- Govern- change
state forestry, struc- factur- and sale trade ance, vices ment in total
product and tion ing public trade and real gross
fishing utilities estate state
product
-------------------------------------------------------------------------------------------------------------------------------------------
United States ............. 4.5 8.4 -15.0 2.5 4.1 6.0 2.8 7.4 5.6 5.1 2.5 .......
New England ............. 6.2 5.7 17.9 4.7 5.9 5.7 2.9 9.4 7.9 6.5 2.2 .......
Connecticut ........... 4.3 6.7 17.1 2.3 3.0 3.9 .7 10.0 6.4 2.3 2.6 21
Maine ................. 2.2 4.1 4.1 1.3 -3.3 2.9 3.7 7.1 0 4.8 3.2 39
Massachusetts ......... 7.1 6.1 19.1 7.4 7.5 7.6 3.0 9.2 7.3 9.1 1.1 7
New Hampshire ......... 7.8 2.3 15.2 2.4 13.3 4.9 7.8 8.9 7.5 6.8 1.7 4
Rhode Island .......... 10.7 2.6 13.2 1.8 2.8 5.7 6.1 13.1 29.1 2.0 4.3 1
Vermont ............... 5.3 9.2 23.7 .8 9.9 3.0 2.3 7.5 3.4 3.5 6.6 14
Mideast ................. 5.2 9.2 .3 3.3 5.2 5.8 3.4 8.0 7.4 4.2 1.5 .......
Delaware .............. .9 7.6 4.4 -3.6 -5.8 6.4 5.3 5.9 .2 4.7 1.9 47
District of Columbia .. 4.4 5.5 -2.2 9.9 -3.1 7.1 -2.2 7.6 9.4 5.1 1.8 .......
Maryland .............. 4.2 10.3 22.7 2.7 5.6 6.7 3.2 6.2 3.1 4.9 2.5 22
New Jersey ............ 6.6 8.4 8.3 4.4 16.4 4.8 6.0 9.9 7.0 3.3 1.2 8
New York .............. 6.1 3.8 4.8 4.5 2.7 7.7 2.2 8.6 10.1 4.8 .6 10
Pennsylvania .......... 3.0 14.5 -2.6 1.6 2.4 3.2 2.4 6.6 2.3 3.1 2.7 29
Great Lakes ............. 2.7 8.4 -2.9 1.0 1.1 3.4 1.7 6.2 3.6 3.0 2.2 .......
Illinois .............. 3.5 15.9 -6.3 2.8 1.2 2.2 3.1 6.4 5.3 3.6 1.8 25
Indiana ............... 2.5 24.9 -3.5 -1.7 1.7 3.9 .7 5.6 1.6 3.0 2.6 35
Michigan .............. 2.4 -1.6 -14.0 2.8 1.9 4.7 1.0 5.9 1.1 2.7 1.7 36
Ohio .................. 2.2 16.5 5.1 -.9 -.2 2.6 1.0 6.2 3.8 2.1 2.9 38
Wisconsin ............. 2.6 -7.7 11.7 -.3 .9 6.4 .9 6.8 3.4 3.2 2.3 33
Plains .................. 3.7 14.0 -7.3 .4 1.7 8.5 .3 5.8 4.4 3.9 2.2 .......
Iowa .................. 3.3 30.4 16.6 -5.1 2.6 8.6 -4.2 5.1 2.0 2.5 1.9 27
Kansas ................ 2.4 -4.0 -17.9 -.1 -3.5 15.6 1.2 4.8 3.1 1.6 1.6 37
Minnesota ............. 5.2 10.7 1.9 3.2 3.5 7.5 1.5 7.1 7.9 5.3 2.7 15
Missouri .............. 3.3 26.2 4.2 1.7 1.2 7.8 .7 5.0 1.5 4.2 2.5 26
Nebraska .............. 2.5 .9 11.2 -1.5 2.8 3.9 1.2 6.7 2.0 4.0 -.1 34
North Dakota .......... 4.1 17.0 -14.4 -9.2 3.8 5.2 -.9 5.4 11.1 2.8 6.5 23
South Dakota .......... 5.1 21.5 4.5 2.2 2.9 2.2 -.6 6.9 7.1 2.4 4.0 16
Southeast ............... 3.6 9.9 -14.6 1.4 1.0 5.4 3.1 6.1 4.8 5.0 2.6 .......
Alabama ............... 1.2 -3.1 -9.4 -1.5 -1.5 5.1 1.7 4.0 3.0 2.2 .2 45
Arkansas .............. 1.7 -.7 -25.1 3.0 .7 3.0 2.7 4.8 -.3 2.8 1.9 43
Florida ............... 4.5 6.7 4.3 4.6 3.1 4.9 4.9 7.3 1.6 6.4 3.2 19
Georgia ............... 4.7 4.1 12.2 2.2 -.4 7.0 4.0 6.8 8.8 6.1 2.6 18
Kentucky .............. 3.2 28.2 -3.3 .4 1.7 6.0 2.9 4.7 5.0 2.2 1.9 28
Louisiana ............. -2.7 .2 -23.1 -3.4 -8.4 2.8 -.7 4.9 8.6 1.1 .9 49
Mississippi ........... .8 -3.4 -18.9 -3.3 -3.9 5.6 .5 4.4 4.0 1.5 2.5 48
North Carolina ........ 5.6 27.1 13.3 .3 5.2 3.3 1.9 6.3 9.5 4.6 3.4 13
South Carolina ........ 3.5 14.8 10.4 -1.2 3.3 8.2 3.5 4.4 2.9 1.9 3.7 24
Tennessee ............. 2.7 17.8 6.1 -.8 1.1 6.1 .1 5.9 3.5 2.8 .5 32
Virginia .............. 5.6 14.4 1.4 4.1 .5 7.5 5.6 7.0 5.4 8.9 3.9 12
West Virginia ......... 1.3 11.9 3.6 -.8 1.5 -2.6 -.8 4.7 -2.0 1.8 3.6 44
Southwest ............... 3.4 5.8 -19.4 3.1 6.2 8.3 2.5 7.7 2.9 4.8 3.0 .......
Arizona ............... 6.5 1.9 -6.4 3.8 14.4 7.7 3.3 9.1 3.4 6.4 2.9 9
New Mexico ............ 5.1 1.2 -12.7 3.5 25.5 9.1 .5 4.8 2.8 3.3 1.8 17
Oklahoma .............. 2.0 14.6 -17.7 -.9 1.8 5.9 1.5 5.8 2.2 2.6 2.9 41
Texas ................. 2.9 5.4 -20.7 3.3 3.6 8.6 2.6 7.8 2.8 4.8 3.1 30
Rocky Mountain .......... 6.4 2.4 -10.5 4.4 7.4 9.2 6.2 6.9 9.1 7.9 3.1 .......
Colorado .............. 7.3 .4 -15.5 9.2 5.1 11.4 9.4 9.3 6.6 9.6 2.4 6
Idaho ................. 8.3 5.8 -8.2 1.7 22.3 6.4 3.5 7.7 2.2 6.8 2.7 2
Montana ............... 2.7 -2.9 -4.6 -3.2 -2.2 6.5 .8 4.8 4.3 3.8 4.1 31
Utah .................. 5.8 6.9 -6.6 -1.7 .4 7.4 3.0 2.4 18.3 5.6 4.5 11
Wyoming ............... 1.2 2.3 -9.5 -.7 8.9 2.6 -1.0 5.3 14.7 3.2 2.2 46
Far West ................ 6.3 6.7 -12.9 4.1 9.6 5.8 3.8 9.4 5.5 7.3 3.5 .......
Alaska ................ -2.9 .7 -19.3 -2.4 -11.5 7.9 -.7 2.1 1.0 3.9 .7 50
California ............ 7.3 6.3 -11.0 6.6 10.1 4.4 4.1 9.9 6.3 9.5 4.3 5
Hawaii ................ 1.9 4.5 11.1 5.7 .2 2.9 2.0 6.5 -.4 3.8 -.9 42
Nevada ................ 4.5 10.3 -7.0 -5.1 7.1 7.4 2.6 10.6 7.5 4.4 3.0 20
Oregon ................ 8.1 6.2 15.3 1.2 22.8 6.5 2.7 5.4 .8 4.9 2.7 3
Washington ............ 2.0 9.6 6.6 1.2 -4.6 12.3 3.6 9.2 2.8 -1.9 2.0 40
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Source: U.S. Bureau of Economic Analysis
*****************************************************************************************************************************************
Table 3. -- Contributions to Percent Change in Real Gross State Product, 1999-2000
-----------------------------------------------------------------------------------------------------------------------------------------
Average Percentage points
annual -------------------------------------------------------------------------------------------------
percent Agri- Trans- Finance
change culture, Mining Con- Manu- portation Whole- Retail insur- Ser- Govern-
in total forestry, struc- factur- and sale trade ance, vices ment
gross and tion ing public trade and real
state fishing utilities estate
product
-----------------------------------------------------------------------------------------------------------------------------------------
United States ............. 4.5 0.11 -0.20 0.12 0.64 0.49 0.19 0.65 1.08 1.09 0.30
New England ............. 6.2 .04 .01 .20 .88 .34 .20 .77 2.00 1.57 .21
Connecticut ........... 4.3 .04 .01 .08 .48 .23 .04 .78 1.87 .52 .22
Maine ................. 2.2 .08 0 .06 -.53 .20 .21 .81 -.01 .96 .44
Massachusetts ......... 7.1 .03 .01 .32 1.01 .43 .22 .71 1.79 2.48 .10
New Hampshire ......... 7.8 .02 .01 .11 2.66 .29 .52 .86 1.82 1.37 .14
Rhode Island .......... 10.7 .02 0 .10 .38 .39 .32 1.16 7.37 .44 .52
Vermont ............... 5.3 .20 .04 .03 1.68 .22 .13 .73 .62 .79 .84
Mideast ................. 5.2 .05 0 .13 .65 .46 .22 .59 1.92 .99 .18
Delaware .............. .9 .06 0 -.16 -.95 .32 .21 .40 .09 .72 .17
District of Columbia .. 4.4 0 0 .09 -.05 .36 -.03 .21 1.23 1.94 .66
Maryland .............. 4.2 .08 .02 .15 .45 .50 .20 .54 .66 1.20 .44
New Jersey ............ 6.6 .04 .01 .17 2.07 .47 .56 .73 1.66 .76 .12
New York .............. 6.1 .02 0 .15 .29 .56 .13 .58 3.24 1.12 .07
Pennsylvania .......... 3.0 .13 -.02 .07 .46 .28 .14 .57 .43 .70 .28
Great Lakes ............. 2.7 .08 -.01 .05 .25 .26 .12 .54 .60 .59 .23
Illinois .............. 3.5 .13 -.02 .13 .19 .20 .24 .51 1.09 .83 .18
Indiana ............... 2.5 .24 -.01 -.09 .54 .29 .04 .50 .22 .51 .26
Michigan .............. 2.4 -.02 -.04 .14 .52 .30 .07 .53 .16 .54 .18
Ohio .................. 2.2 .14 .02 -.04 -.06 .19 .07 .59 .62 .40 .31
Wisconsin ............. 2.6 -.14 .02 -.02 .24 .45 .06 .62 .53 .57 .25
Plains .................. 3.7 .35 -.04 .02 .31 .79 .02 .54 .72 .77 .26
Iowa .................. 3.3 1.02 .04 -.23 .59 .71 -.32 .45 .32 .44 .23
Kansas ................ 2.4 -.12 -.27 0 -.61 1.89 .09 .46 .40 .29 .21
Minnesota ............. 5.2 .19 .01 .17 .63 .55 .12 .65 1.48 1.11 .27
Missouri .............. 3.3 .31 .01 .09 .23 .77 .05 .47 .24 .87 .29
Nebraska .............. 2.5 .04 .02 -.07 .40 .42 .09 .57 .31 .77 -.01
North Dakota .......... 4.1 .82 -.57 -.52 .33 .51 -.08 .53 1.61 .53 .91
South Dakota .......... 5.1 1.45 .02 .10 .39 .17 -.04 .69 1.40 .44 .51
Southeast ............... 3.6 .14 -.22 .07 .17 .47 .21 .59 .80 .98 .35
Alabama ............... 1.2 -.06 -.12 -.07 -.30 .43 .11 .40 .44 .37 .03
Arkansas .............. 1.7 -.03 -.21 .14 .16 .31 .17 .54 -.04 .43 .23
Florida ............... 4.5 .11 .01 .24 .22 .41 .37 .81 .36 1.57 .39
Georgia ............... 4.7 .05 .04 .11 -.07 .78 .36 .62 1.35 1.17 .31
Kentucky .............. 3.2 .53 -.06 .02 .48 .48 .18 .43 .57 .36 .25
Louisiana ............. -2.7 0 -3.31 -.17 -1.28 .24 -.04 .41 1.10 .20 .10
Mississippi ........... .8 -.09 -.22 -.16 -.80 .51 .03 .46 .46 .26 .39
North Carolina ........ 5.6 .41 .02 .01 1.26 .23 .12 .54 1.79 .76 .42
South Carolina ........ 3.5 .16 .02 -.08 .71 .72 .22 .47 .40 .32 .56
Tennessee ............. 2.7 .16 .02 -.04 .23 .50 .01 .65 .50 .57 .06
Virginia .............. 5.6 .12 .01 .20 .06 .66 .32 .59 .95 2.01 .69
West Virginia ......... 1.3 .08 .23 -.04 .24 -.29 -.04 .46 -.24 .32 .56
Southwest ............... 3.4 .08 -1.14 .15 .89 .82 .18 .72 .44 .95 .35
Arizona ............... 6.5 .03 -.05 .22 2.16 .54 .22 .95 .64 1.41 .35
New Mexico ............ 5.1 .02 -1.20 .15 3.73 .66 .02 .43 .37 .59 .31
Oklahoma .............. 2.0 .31 -1.01 -.04 .30 .54 .09 .58 .28 .48 .46
Texas ................. 2.9 .07 -1.37 .16 .49 .93 .20 .71 .42 .94 .34
Rocky Mountain .......... 6.4 .05 -.34 .28 .85 .99 .38 .67 1.44 1.65 .40
Colorado .............. 7.3 .01 -.29 .59 .50 1.36 .59 .88 1.14 2.24 .29
Idaho ................. 8.3 .31 -.04 .12 4.68 .51 .22 .76 .27 1.13 .37
Montana ............... 2.7 -.12 -.17 -.18 -.16 .74 .05 .47 .60 .79 .66
Utah .................. 5.8 .07 -.12 -.11 .05 .63 .19 .25 3.03 1.15 .65
Wyoming ............... 1.2 .05 -2.26 -.04 .56 .35 -.04 .37 1.53 .35 .29
Far West ................ 6.3 .13 -.13 .19 1.31 .44 .25 .84 1.14 1.73 .40
Alaska ................ -2.9 .01 -4.35 -.11 -.48 1.20 -.02 .15 .10 .50 .13
California ............ 7.3 .12 -.08 .27 1.41 .32 .27 .88 1.39 2.25 .47
Hawaii ................ 1.9 .05 .01 .24 .01 .29 .08 .69 -.09 .82 -.19
Nevada ................ 4.5 .08 -.14 -.54 .29 .58 .12 1.08 1.30 1.40 .31
Oregon ................ 8.1 .16 .02 .07 5.40 .45 .20 .45 .13 .89 .33
Washington ............ 2.0 .19 .01 .06 -.59 .96 .25 .86 .50 -.47 .26
-----------------------------------------------------------------------------------------------------------------------------------------
Source: U.S. Bureau of Economic Analysis
******************************************************************************************************************************************************
Table 4. -- Gross State Product in Current Dollars, 1993-2000
[Millions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------
Percentage of
U.S. total
1993 1994 1995 1996 1997 1998/r/ 1999/r/ 2000/p/ ---------------
1999 2000
--------------------------------------------------------------------------------------------------------------------------------------------
United States ............. 6,513,026 6,930,791 7,309,516 7,715,901 8,224,960 8,750,174 9,279,697 9,941,552 100.0 100.0
New England ............. 373,298 394,406 416,166 439,596 471,336 503,940 537,962 582,776 5.8 5.9
Connecticut ........... 107,924 112,395 118,645 124,157 134,968 142,701 149,483 159,288 1.6 1.6
Maine ................. 25,358 26,501 27,987 28,925 30,409 32,208 34,196 35,981 .4 .4
Massachusetts ......... 175,729 188,000 197,469 210,127 223,571 241,369 261,307 284,934 2.8 2.9
New Hampshire ......... 27,507 29,410 32,388 35,068 37,470 40,529 43,616 47,708 .5 .5
Rhode Island .......... 23,627 24,352 25,703 26,656 29,409 30,838 32,154 36,453 .3 .4
Vermont ............... 13,154 13,747 13,974 14,662 15,510 16,294 17,206 18,411 .2 .2
Mideast ................. 1,282,906 1,341,317 1,403,270 1,471,796 1,547,124 1,649,536 1,729,486 1,848,116 18.6 18.6
Delaware .............. 23,827 25,122 27,575 29,001 31,263 32,693 34,983 36,336 .4 .4
District of Columbia .. 46,596 47,484 48,408 48,505 50,546 52,145 55,447 59,397 .6 .6
Maryland .............. 126,442 133,952 139,495 145,061 154,646 164,100 174,161 186,108 1.9 1.9
New Jersey ............ 246,727 258,079 271,435 285,738 299,986 316,875 332,964 363,089 3.6 3.7
New York .............. 551,161 575,585 597,593 633,830 663,377 718,686 749,421 799,202 8.1 8.0
Pennsylvania .......... 288,154 301,096 318,765 329,660 347,306 365,038 382,510 403,985 4.1 4.1
Great Lakes ............. 1,052,019 1,138,906 1,191,441 1,243,554 1,317,428 1,396,841 1,459,512 1,530,982 15.7 15.4
Illinois .............. 317,248 342,322 359,451 375,949 400,327 423,175 442,297 467,284 4.8 4.7
Indiana ............... 131,485 141,735 148,447 155,096 162,953 176,110 183,818 192,195 2.0 1.9
Michigan .............. 222,886 246,812 254,179 265,130 279,503 293,173 311,304 325,384 3.4 3.3
Ohio .................. 260,891 280,850 295,668 306,333 326,451 346,648 356,523 372,640 3.8 3.7
Wisconsin ............. 119,508 127,187 133,694 141,046 148,194 157,735 165,570 173,478 1.8 1.7
Plains .................. 424,025 459,515 484,013 516,213 547,790 575,122 599,847 635,821 6.5 6.4
Iowa .................. 62,764 69,169 71,687 76,976 81,695 83,069 85,158 89,600 .9 .9
Kansas ................ 58,380 62,206 64,069 68,160 72,998 76,648 80,701 85,063 .9 .9
Minnesota ............. 115,420 125,017 131,841 141,540 152,334 163,009 171,846 184,766 1.9 1.9
Missouri .............. 119,680 129,957 139,547 146,537 155,811 163,425 169,699 178,845 1.8 1.8
Nebraska .............. 38,665 42,032 44,084 47,772 49,275 51,349 53,747 56,072 .6 .6
North Dakota .......... 12,855 13,895 14,529 15,855 15,910 17,053 16,988 18,283 .2 .2
South Dakota .......... 16,261 17,240 18,257 19,372 19,767 20,570 21,709 23,192 .2 .2
Southeast ............... 1,400,329 1,504,102 1,599,405 1,684,304 1,791,586 1,905,267 2,022,668 2,156,521 21.8 21.7
Alabama ............... 84,497 89,740 95,514 99,286 104,213 109,672 115,350 119,921 1.2 1.2
Arkansas .............. 47,188 50,921 53,809 56,796 59,141 61,298 65,067 67,724 .7 .7
Florida ............... 305,036 325,556 344,771 366,318 389,473 415,564 441,107 472,105 4.8 4.7
Georgia ............... 172,220 187,645 203,505 219,520 235,733 254,891 276,487 296,142 3.0 3.0
Kentucky .............. 80,882 86,905 91,472 95,536 101,535 107,648 112,379 118,508 1.2 1.2
Louisiana ............. 95,587 104,055 112,157 116,867 123,549 122,580 127,992 137,700 1.4 1.4
Mississippi ........... 47,384 51,358 54,562 56,575 58,743 61,709 64,779 67,315 .7 .7
North Carolina ........ 168,830 182,234 194,634 204,329 221,629 241,220 260,572 281,741 2.8 2.8
South Carolina ........ 75,955 81,515 86,880 89,854 95,447 101,384 107,219 113,377 1.2 1.1
Tennessee ............. 119,758 129,671 136,821 142,051 151,738 162,228 170,402 178,362 1.8 1.8
Virginia .............. 170,754 179,727 188,963 199,953 212,105 228,049 240,688 261,355 2.6 2.6
West Virginia ......... 32,240 34,774 36,315 37,220 38,281 39,024 40,626 42,271 .4 .4
Southwest ............... 640,277 687,205 730,598 785,031 858,147 904,979 965,063 1,044,714 10.4 10.5
Arizona ............... 85,483 95,747 104,586 112,882 122,273 132,897 144,440 156,303 1.6 1.6
New Mexico ............ 37,110 41,772 42,170 44,114 47,829 48,488 49,853 54,364 .5 .5
Oklahoma .............. 65,035 66,979 69,960 74,855 79,423 82,189 85,834 91,773 .9 .9
Texas ................. 452,649 482,707 513,882 553,180 608,622 641,405 684,936 742,274 7.4 7.5
Rocky Mountain .......... 185,006 200,012 214,923 230,695 249,183 266,375 287,107 314,569 3.1 3.2
Colorado .............. 93,588 101,531 109,021 117,118 129,575 139,860 152,202 167,918 1.6 1.7
Idaho ................. 22,758 24,893 27,155 28,101 29,388 31,041 34,104 37,031 .4 .4
Montana ............... 16,151 16,952 17,537 18,074 18,907 19,971 20,564 21,777 .2 .2
Utah .................. 38,395 42,236 46,290 51,523 55,070 59,084 62,780 68,549 .7 .7
Wyoming ............... 14,114 14,400 14,920 15,879 16,244 16,420 17,457 19,294 .2 .2
Far West ................ 1,155,166 1,205,328 1,269,700 1,344,712 1,442,365 1,548,113 1,678,050 1,828,052 18.1 18.4
Alaska ................ 23,014 23,104 24,791 25,774 26,575 24,651 25,444 27,747 .3 .3
California ............ 847,879 879,041 925,931 973,395 1,045,254 1,125,331 1,223,474 1,344,623 13.2 13.5
Hawaii ................ 36,308 36,766 37,243 37,490 38,537 39,371 40,486 42,364 .4 .4
Nevada ................ 39,929 45,022 49,377 54,564 59,248 63,786 69,458 74,745 .7 .8
Oregon ................ 69,810 75,087 81,092 91,709 97,510 102,943 109,850 118,637 1.2 1.2
Washington ............ 138,225 146,308 151,265 161,779 175,242 192,031 209,338 219,937 2.3 2.2
--------------------------------------------------------------------------------------------------------------------------------------------
r Revised.
p Preliminary.
Note: Estimates may not add to totals due to rounding.
Source: U.S. Bureau of Economic Analysis
******************************************************************************************************************************************************